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Updated: 1 hour 39 min ago

SCOR’s Kessler demands Covéa CEO departure from board

20 September, 2018 - 12:14
SCOR CEO Denis Kessler has sent a letter on Sept. 6 to Covéa chairman and CEO Thierry Derez, asking him to resign from his position as a SCOR board member because of a conflict of interest.

StarStone CEO resigns after parent company drops sale plan

20 September, 2018 - 11:40
StarStone CEO Demian Smith has stepped down from his position directly after StarStone’s parent company, Bermuda-based run-off specialist Enstar, revealed that it is no longer selling the specialty carrier.

Investor pressures SCOR on Covéa takeover

20 September, 2018 - 10:51
An activist investment fund is putting pressure on French reinsurer SCOR’s management after it rejected a friendly €8.2 billion takeover offer by French cooperative insurer Covéa in late August 2018, according to a Reuters report.

Insurtech transactions reach new peak but volumes fall

20 September, 2018 - 10:44
A total of 71 Insurtech funding transactions during the second quarter of 2018 marks a record high, according to the new Quarterly InsurTech Briefing from Willis Towers Watson (WTW).

Primary insurers to bear most of hurricane Florence’s losses

20 September, 2018 - 10:34
Primary insurers (including auto insurers) are expected to bear most of the losses from hurricane Florence, according to Keefe, Bruyette & Woods (KBW) analysts.

RSA's Turner succeeds Berg as IUMI president

20 September, 2018 - 10:29
Richard Turner, European director of Global Risk Solutions at RSA Insurance Group, has been elected president of the International Union of Marine Insurance (IUMI).

Gallagher taps Marsh trade credit leader to scale up Manchester practice

20 September, 2018 - 10:17
Broker Gallagher has hired a Marsh executive to build out its specialist UK trade credit & surety practice across the North, where the company believes both clients and new business opportunities are arising.

Beach poaches Marsh SVP for new London wholesale practice

20 September, 2018 - 10:14
Re/insurance broking and advisory firm Beach & Associates has hired Marsh's Jonathan Tritton as senior vice president of its newly formed London wholesale practice.

Largest ever wildfire in California officially contained

20 September, 2018 - 10:10
The Mendocino Complex Fire, the largest wildfire in California's history, is now 100 percent contained, according to an official statement by California’s insurance commissioner Dave Jones.

StarStone CEO resigns after sale failure

20 September, 2018 - 09:26
StarStone CEO Demian Smith has stepped down from his position directly after StarStone’s parent company, Bermuda-based run-off specialist Enstar, revealed that it is no longer selling the specialty carrier.

New models become a game-changer

19 September, 2018 - 17:13
The impact of flood risk keeps rising, affecting more people worldwide than any other type of natural disaster. As flood models improve, the industry has a big opportunity to make a tangible difference to society—but collaboration and teamwork will be key, says Edouard Schmid at Swiss Re.

R&Q ups FY profit expectations due to Global Re US acquisition

19 September, 2018 - 11:11
Bermuda-based R&Q Investment Holdings, an underwriting management and legacy acquisitions specialist, expects full year 2018 profits to substantially exceed market expectations due to significant legacy acquisitions.

AFL acquires US based Zodiac in MGA expansion move

19 September, 2018 - 11:07
Independent Lloyd’s broker AFL Insurance Brokers has acquired a majority stake in New Jersey-based Zodiac Insurance Services as it expands into the managing general agent (MGA) space.

R&Q snaps up Global US from AXA for $80.5m

19 September, 2018 - 11:07
Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) has revealed two new legacy deals including a US-based subsidiary of AXA Group.

Lloyd’s publishes policy documentation for Brussels unit

19 September, 2018 - 11:02
Lloyd’s and the Lloyd's Market Association (LMA) have published a new suite of policy documentation to support the underwriting of risks from the European Economic Area (EEA) by the new Lloyd’s Brussels unit.

Hurricane Florence losses estimated at up to $4.6bn

19 September, 2018 - 10:20
Industry insured losses resulting from Hurricane Florence’s winds and storm surge will be between $1.7 billion and $4.6 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide.

Enstar no longer selling Atrium, StarStone

19 September, 2018 - 08:18
Bermuda-based run-off specialist Enstar Group is no longer pursuing the sale of its active underwriting businesses, Atrium and StarStone.

Marsh CEO expects faster growth through JLT acquisition

18 September, 2018 - 15:56
Broker Marsh & McLennan Companies (MMC) CEO Daniel Glaser expects that the group will accelerate the pace of growth through the Jardine Lloyd Thompson Group (JLT) acquisition.

AXIS appoints new CEO of Irish subsidiaries

18 September, 2018 - 15:54
Bermuda-based re/insurer AXIS Capital Holdings has appointed Helen O’Sullivan as the CEO of AXIS Specialty Europe and AXIS Re.

Berkshire swoops for AIG, Chubb, Zurich talent in Dubai

18 September, 2018 - 15:49
Berkshire Hathaway Specialty Insurance Company (BHSI) has expanded its leadership team in Dubai with the appointment of AIG, Chubb, AXA, QBE, Allianz and Zurich executives to fill key product line and service posts.

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